I'd ask for more money at closing from seller to cover 2 to 3 months rent and court fees for eviction action.If not that's what your looking at.. if they don't pay, it will take you proper notice prior to the first of the month to let them know your not renewing.. their lease and only after that if they fail to move then you have to file eviction action.. which will be court fees and again minimum of 3 weeks before court hearing.. and if they get an extension or ??

Again, look at the prelim closing statement, if the tenant is getting any relo money, that should cover it.

If I were to rent out 2 of the 3 bedrooms I have in a place I own, how would I cover myself (legally) with a contract.

PM me and we can cover most of this over coffee.

Accurate tax advice from tax strategists can only be given if we know your entire picture.

Can I get 4 licenses for one property to cover 360 nights?

Make sure to research or asked them to send pictures of their work if they don't have a website, and get reference before using them to perform.  

They will be able to answer your questions and help you get a clearer picture of what a successful deal looks like.Assuming you need financing and you need a developer/operator in order to bring your deal together (which it sounds like), the people who occupy those key roles will make or break your deal and bringing a deal to the table that satisfies their requirements and that they view as a viable deal will greatly advance your learning as to what the critical factors are.Every market will have different dynamics which will affect your build to cap and it will depend on your expectations as well as the expectations of your investors and lender given the market you're operating in.As for stabilization, I typically see 18-24 months budgeted but a good operator can get it done in 12 with proper pre-marketing and solid market dynamics.Get a feasibility study done before you close escrow if you've already targeted a specific parcel.

Once I have a whole map covered, I only have to look at the map once or twice per day to see if anything new popped up (on Redfin, light green means you clicked on it already.  

Closed in October 2013 at $152,000Over the next few years, I made some additions and repairs (new bedroom, bathroom, and extra kitchen in the basement), and now got two housemates - completely covered my mortgage payments.2015 rolls around and I start studying real estate a little bit more.